Fannie Mae HomePath

Special Financing for Fannie Mae REO’s

Fannie Mae in an attempt to move their foreclosures as quickly as possible are offering owner occupant buyers and investors an opportunity to purchase homes with minimal down payments.

Additional Incentive to Buy A Fannie Mae Home – Close by October 31 and you may qualify for 3.5% towards your closing costs. To meet the closing deadline it is highly recommended that you submit your offers no later than September 15th

  • Down payment (at least 3 percent) can be funded by your own savings; a gift; a grant; or a secured loan from a nonprofit organization, state or local government, or employer
  • No appraisal required – the sales price is the mortgage
  • No mortgage insurance
  • Available for primary residences, second homes, and investment properties
  • Down Payment for Owner Occupants is only 3%
  • Down Payment for Investors is only 15%

When the Fannie Mae properties hit the market there is a period of special opportunities – The First Look marketing period. This intent is to give owner occupants the opportunity to submit offers before investors. The first 15 days of the listing period is set aside for these buyers.

Fannie Mae works with various lenders who offer these mortgages. For a list of homes that qualify for the HomePath mortgage program you can visit www.homepath.com.

To learn more about the program and to find an approved lender - contact Arnie at 925-786-5064 or Linda 925-786-5132

or Send Us an Email

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